CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 4-7 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020. Estimated Estimated Use of Activity Cost Pools Overhead Cost Drivers per Activity Ordering and receiving $84,000 12,000 orders Food processing 480,000 60,000 machine hours Packaging 1,760,000 440,000 labor hours For 2020, the company had 11,000 orders and used 50,000 machine hours, and labor hours totaled 500,000 Calculate the overhead rates for each activity. (Round answers to 2 decimal places, 0.9. 12.25.) Overhead Rates Ordering and receiving per order $ Food processing per machine hour $ Packaging $ per labor hour LINK TO TEXT